Ad Inventory For NCAA Tourney 95% Sold Sporting KC Unveils '14 TV Schedule Steedman Named AEG Facilities COO OSU Partners With Sporting Innovations Yahoo Named MLB.com's Fantasy Game Cuban To Visit USF Sport Management Program Details Emerge About Rio Games Golf Fields Torrey Pines Likely To Host '21 U.S. Open Ross Wants To Pay For Stadium Upgrade Martha Ford Takes Over Lions Ownership
CART Inc. will begin public trading today under the symbol "OPW" when 4.7 million shares are offered in an IPO. Shares were priced at $16. CART said it plans to use the net proceeds from the IPO, expected to be more than $63M, to purchase the Indy Lights racing series and pay "certain obligations" to existing race teams. It will use the remaining proceeds for "working capital and other general corporate purpose, including funding future acquisitions and developing racing related businesses and properties" (CART).